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Thread: Insurers Profit From Health Law They Fought

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by Eighty Deuce View Post
    Good grief. The Tea Party had zero input or influence, as the bill needed no vote from anyone Tea Party to pass. This is a 100% Democrat/Obama creation. Own it for once.
    Are you kidding me? You don't think all the hytrionics of the tea party had any effect? You don't understand how politics work. The Democrats had to shift their positions to retain their seats because of the teabagging/insurance company pressure.

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by teamosil View Post
    Yeah, the sad reality is that the insurance companies/tea party managed to kill the parts of the plan designed to keep costs/profit taking down.
    Why on earth would anyone support legislation that would kill private sector profits?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by MrVicchio View Post
    We cannot afford a public option...
    We can't possibly afford NOT to have a public option! Medical costs in the US are doubling every 7 years. At this rate, in 20 years health care for one person will cost more than the median income. We can't possibly afford that. Countries with public options pay half or less what we do for medical care, but get higher quality care. The whole point of the public option is to force costs down.

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    Re: Insurers Profit From Health Law They Fought

    It was a horrible bill. It was written by the insurance companies. Of course they are going to make money on this deal.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by teamosil View Post
    Are you kidding me? You don't think all the hytrionics of the tea party had any effect? You don't understand how politics work. The Democrats had to shift their positions to retain their seats because of the teabagging/insurance company pressure.
    This was 11 months before the election. If you want to blame some Democrats who reacted to the influences of Insurance companies, then have at it.

    Otherwise, it is you who are trying to kid the rest of us. Try again.

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    Re: Insurers Profit From Health Law They Fought

    Mr. V, first-world countries with single-payer universal healthcare spend less and have better outcomes. The higher the percentage of private option in country, the most healthcare cost and the less effective it is. Go do some real research into the numbers.

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by apdst View Post
    Why on earth would anyone support legislation that would kill private sector profits?
    Wow... Ok, lets start at the beginning... Capitalism is the theory that if you have many producers competing for customers they will each try to make the better product at the lower price to get more customers until the product is being sold at as near to cost as possible. That's why capitalism is efficient- because it is a system for eliminating profit margins. Without capitalist competition companies would just charge several times what it costs them to produce things. That massive profit taking waste is the main problem capitalism is designed to solve. But, that doesn't always work right left to it own devices. Health care, the way it is set up now, isn't a properly functioning market. It has lots of issues. For one, consumers don't negotiate directly with producers. Consumers get a job, the employer picks and insurance company, a doctor decides what goods and services the person should buy, the insurance company negotiates actual costs. So that breaks the whole supply and demand thing. The employer doesn't care about the product's quality and the doctor doesn't care about the cost. Also, it is a very hard industry to break into. It requires tens or hundreds of billions of dollars. So there are really only 3 or 4 major players. That means very little competition is actually going on. The idea with the public option is that it would force them to start competing again by establishing a lower cost alternative that they would need to compete with.

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by Eighty Deuce View Post
    This was 11 months before the election. If you want to blame some Democrats who reacted to the influences of Insurance companies, then have at it.

    Otherwise, it is you who are trying to kid the rest of us. Try again.
    So you think the insurance company/tea party hysteria had no impact? Why do you think they did it?

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by teamosil View Post
    Wow... Ok, lets start at the beginning... Capitalism is the theory that if you have many producers competing for customers they will each try to make the better product at the lower price to get more customers until the product is being sold at as near to cost as possible. That's why capitalism is efficient- because it is a system for eliminating profit margins. Without capitalist competition companies would just charge several times what it costs them to produce things. That massive profit taking waste is the main problem capitalism is designed to solve. But, that doesn't always work right left to it own devices. Health care, the way it is set up now, isn't a properly functioning market. It has lots of issues. For one, consumers don't negotiate directly with producers. Consumers get a job, the employer picks and insurance company, a doctor decides what goods and services the person should buy, the insurance company negotiates actual costs. So that breaks the whole supply and demand thing. The employer doesn't care about the product's quality and the doctor doesn't care about the cost. Also, it is a very hard industry to break into. It requires tens or hundreds of billions of dollars. So there are really only 3 or 4 major players. That means very little competition is actually going on. The idea with the public option is that it would force them to start competing again by establishing a lower cost alternative that they would need to compete with.
    Serious question: where do you come up with this stuff?

    Do you know what happens to a company when there is no more profit margin?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by teamosil View Post
    Wow... Ok, lets start at the beginning... Capitalism is the theory that if you have many producers competing for customers they will each try to make the better product at the lower price to get more customers until the product is being sold at as near to cost as possible. That's why capitalism is efficient- because it is a system for eliminating profit margins. Without capitalist competition companies would just charge several times what it costs them to produce things. That massive profit taking waste is the main problem capitalism is designed to solve. But, that doesn't always work right left to it own devices. Health care, the way it is set up now, isn't a properly functioning market. It has lots of issues. For one, consumers don't negotiate directly with producers. Consumers get a job, the employer picks and insurance company, a doctor decides what goods and services the person should buy, the insurance company negotiates actual costs. So that breaks the whole supply and demand thing. The employer doesn't care about the product's quality and the doctor doesn't care about the cost. Also, it is a very hard industry to break into. It requires tens or hundreds of billions of dollars. So there are really only 3 or 4 major players. That means very little competition is actually going on. The idea with the public option is that it would force them to start competing again by establishing a lower cost alternative that they would need to compete with.
    clap2.gif Very well explained. We not only cannot afford not to have a public option because of cost, but because of healthcare outcomes.

    Our life-expectancy is currently rated as similar to that in Czech Republic, Poland and Mexico - well behind all the first world countries - and it is falling instead of rising!
    US Spends Most on Health Care; Results Lag - CBS News

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